Bitcoin mempool begins to clear as payment paid per block falls again to at least one

by Jeremy

Fast Take

  • This previous week has been extraordinarily wild in Bitcoin, with the emergence of BRC-20 tokens surpassing a $500 billion market cap.
  • This has added momentum with Ordinals that began initially of the 12 months.
  • CryptoSlate reported that miners obtained extra Bitcoin in transaction charges than block rewards.
  • Nevertheless, utilizing Glassnode knowledge, we are able to see the typical charges paid per block has returned to 1.0 Bitcoin per block.
  • In accordance with James Test analyst at Glassnode, “The typical Bitcoin payment paid per block has solely surpassed the block subsidy on 5 events, with the newest occasion being this week.”
Average Fee Paid Per Block: (Source: Glassnode)
Common Charge Paid Per Block: (Supply: Glassnode)

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